Laurium, MI
Full City Profile · Michigan · Keweenaw County County
Laurium, MI
At a Glance
How Laurium Compares to the U.S. Average
Each bar shows Laurium's value as a percentage of the national average (100% = U.S. avg)
Is Laurium a Good Place to Live?
Economy & Jobs
Laurium residents earn a median household income of $42,206 , which is 44% below the national average of $75,149. Per capita income is $32,151. The unemployment rate stands at 0.9% (75% below the U.S. rate of 3.6%). 9.1% of residents live below the poverty line. The area is home to 85 business establishments, including 19 restaurants.
Housing & Cost of Living
The median home value in Laurium is $87,600 , 69% below the national median of $281,900. Zillow estimates the typical home at $141,553. Median rent is $590/month, with 36.1% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1938.
Safety & Crime
Laurium reports 213 violent crimes per 100,000 residents , which is 44% below the national average of 380/100K. Property crime is 266/100K.
Education
32.7% of adults in Laurium hold a bachelor's degree or higher (3% below the national average). 92.0% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Laurium has an average annual temperature of 41°F (5°C). Winters average 16°F in January while summers reach 65°F in July. Annual precipitation totals 34.7 inches.